Stock markets posed a recovery in July, however that was short lived. The speculative end was hardest hit, Cannabis or Marijuana stocks were especially hit hard. This isa pattern with short covering and FOMO buying when a hint of legalization sweeps the US. The result is heavy overhead supply and more secondary issuance for loss making names. ‘Pot stocks’ broke a long losing streak in July of 17 straight months down with a rally of 4.3%, that was merely a … Continue reading “Marijuana Stocks Up in Smoke, Global Cannabis Index Continues Collapse in September”
US IPO Issuance in September Stalled with Third Quarter Slowest in Decades
Along with the misery of global stock markets in September the IPO market grounded to a halt. The worst third quarter for new issuers in over a decade, with 25 IPOs raising $2.4 billion. There was some relief in the IPO market in August which came to an end with the bear market relief rally. IPO interest is on pace for its worst year in decades. In August, the traditionally slow month with Europe on holidays monthly issuance hit double … Continue reading “US IPO Issuance in September Stalled with Third Quarter Slowest in Decades”
US Weekly IPO and SPAC Monitor: Bio-RFID AI Company Know Labs and Neural Biotech Wearable Devices
Heading into September IPOs are still small in number, though August delivered the most IPO issues for the year with 12. In a shortened Labor Day week two small deals are scheduled to price. Bio- RFID sensor technology company, OTC-listed Know Labs (KNW) plans to raise $6 million at a $123 million market cap. A holdover from last week, non-invasive neural input technology company Wearable Devices (WLDS) plans to raise $22 million at a $99 million market cap. Last week we had … Continue reading “US Weekly IPO and SPAC Monitor: Bio-RFID AI Company Know Labs and Neural Biotech Wearable Devices”
US IPO Issuance in August Highest For 2022
With IPO interest on pace for its worst year in decades it came as a surprise that in August, the traditionally slow month with Europe on holidays monthly issuance hit double digits for the first time this year. There were 12 small IPOs issued, raising a combined $196 million. The largest deal raised just $36 million, and the median deal size remained low at $15 million. Renaissance Capital said August IPOs averaged a return of over 1,000% from offer due … Continue reading “US IPO Issuance in August Highest For 2022”
US Weekly IPO and SPAC Monitor: Hemp Cigarette’s Hempacco, Wearable Devices and bioAffinity Technologies
IPO interest is on pace for its worst year in decades after the market crashing the IPO market has been in the doldrums. New companies have few options but to burn through cash while they wait for the stock market to calm. Three small deals are scheduled to price in the week ahead. Hemp cigarette manufacturer Hempacco (HPCO), non-invasive neural input technology company Wearable Devices (WLDS) and Lung cancer diagnostics developer bioAffinity Technologies (BIAF) Last week we had Malaysian fintech … Continue reading “US Weekly IPO and SPAC Monitor: Hemp Cigarette’s Hempacco, Wearable Devices and bioAffinity Technologies”